Acsi Finance Decentralized Exchange Review

Acsi Finance is an Automated Market Maker Protocol built on Balancer V2, which is a price sensor, liquidity provider, and portfolio manager. Powered by the ACryptos yield farming optimizer, this platform was launched on 3^rd June 2021.

Acsi Finance overview

Here are the principal features of this exchange:

• Cryptocurrencies supported

This platform lets you swap between crypto tokens. Some of the tokens you can trade include WBNB, ACS, ACSI, WAV, BTCB, DOT, FTM, and ADA.

• Native token

The native token of this platform is known as ACSI. Apart from this platform, it is also traded on Unifi, DeBank, Pancakeswap, OpenOcean, Swipe Swap, and 1inch. The liquidity provided in Unifi is quite low.

• Funding methods

To trade tokens on this exchange, you must hold the required number of tokens in your wallet. If you don’t have enough tokens to swap, you first need to buy them from a supported exchange. 

• Wallets supported

Before you can start swapping tokens, it is necessary to connect your wallet to the DEX. This platform supports Metamask, ONTO Wallet, as well as wallets supported by WalletConnect.

How does Acsi Finance work?

On this platform, you can perform the following actions:

1. Trade tokens

After you’ve connected your wallet, you can start trading tokens on this DEX. There is a long list of tokens to choose from. Before finalizing the transaction, you must approve the token, if it is being traded for the first time.

2. Add liquidity

There are several investment fools on this DEX platform. In the Invest window, you will be able to see the pool value, volume, and APR. After choosing a pool, you can choose in a single token, a subset, or all of them. For your input tokens, you get pool tokens (BPTs). The price will not be impacted if you join according to pool weights. This happens when you join using custom amounts. 

3. Yield farming

Here, you can share your stake in the protocol with the liquidity providers. This way, you distribute ACSI tokens through the farms. Half of the fees are used to purchase ACSI tokens and distribute them to the stakers. The rest goes to the liquidity providers. By staking the token in the Governance Vault, you can enhance your yield 2.5 times.

What can you buy on Acsi Finance?

This DEX platform is based on the Binance Smart Chain network. It is a network that is focused on low trading fees and it offers a space for building decentralized finance products and decentralized apps. Some of the most popular tokens on this platform include BTC, ETH, DOGE, DOT, CAKE, AVAX, MATIC, FTM, VAI, and USDT.

Is Acsi Finance safe?

The smart contracts of this platform do not have the migratory function. Thus, the owner cannot move all funds to another wallet. There is a 48-hour time gap between the publishing and deployment of code changes, giving users time to withdraw their funds. The timelock monitor makes sure the community members know when the changes will be deployed.

User reviews

There are no user reviews on the web for this DEX platform or its parent company.

Acsi Finance fees, compatible wallets, and transactions

The exchange fee for this platform is variable. While carrying out the swap, you will see the fee displayed on the UI. While 50% of the fee is used for buying and distributing ACSI tokens to holders, the rest goes to the market makers. Apart from Metamask and ONTO Wallet, this exchange also supports WalletConnect devices like Ledger Live, Tokenary, Infinity Wallet, Ambire Wallet, Wallet 3.

What are the ways to trade on Acsi Finance?

To trade tokens, you need to navigate to the Trade section of the website. Here, you need to select the tokens to be traded and the number of tokens you wish to swap. If you are approving a new token, there is an Ethereum gas cost applicable.

Customer support

Unfortunately, there is no support team for this exchange. You can join the Telegram group to clear your doubts if any.

Should you trade with Acsi Finance?